The rule banning all Monegasques from gambling or working at the casino was an initiative of Princess Caroline, the de facto regent of Monaco, who amended the rules on moral grounds. The citizens of Monaco are forbidden to enter the gaming rooms of the casino. The company also owns the principal hotels, sports clubs, foodservice establishments, and nightclubs throughout the Principality. The Casino de Monte-Carlo is owned and operated by the Société des Bains de Mer (SBM), a public company in which the government of Monaco and the ruling princely family have a majority interest. It includes a casino, the Opéra de Monte-Carlo, and the office of Les Ballets de Monte-Carlo. The Monte Carlo Casino, officially named Casino de Monte-Carlo, is a gambling and entertainment complex located in Monaco.
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